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  1. PaulPoulsen

    Benjamin Toll

    QUOTE (loewencc @ Aug 11 2008, 12:35 PM) wondering if there are any Benjamin Toll downloads available on rein space... Try this link... http://myreinspace.com/downloads/rein_workshops/2008/m/july_2008/437.aspx
  2. PaulPoulsen

    novice speculator needs advice

    QUOTE (meggie @ Jun 6 2008, 09:12 PM) To all you experienced rein guys,I have a question. I put down a 10 % (35K) deposit on a apartment style condo last March of 07. The condo sales agreement is for $353K and is continuing to be built. They say it will be ready by November,5 months away. The...
  3. PaulPoulsen

    Buy one, get one free.

    I suspect there`s more to it than is mentioned in the article but still kind of a neat idea. http://www.reuters.com/article/businessNew...20080603?rpc=92
  4. PaulPoulsen

    How to go about getting an offer accepted?

    Brett`s got some great advice. Something that`s worked for us on occasion is to offer to strike a second separate deal on the contents of the home. We bought a home from an elderly woman that was moving into a senior`s lodge and she couldn`t take all her belongings with her. My wife went to...
  5. PaulPoulsen

    Changing Careers

    QUOTE (cassius @ May 2 2008, 12:35 PM) I`ve recently made the decision to change careers & I was hoping someone could offer some advice. I`m looking for something that would educate me more on real estate. I have a sales backround, but i`m not really looking at becoming a real estate agent...
  6. PaulPoulsen

    Calgary Herald Sunday`s Paper April 27, 2008

    QUOTE (MONEY @ May 1 2008, 08:16 PM) Here is some interesting information regarding interprovincial migration from Lai Sing Louie, senior market analyst in Calgary for Canada Mortgage and Housing Corporation:In the second half of 2006 Alberta experienced a net gain of 36,348 people in...
  7. PaulPoulsen

    Bounced rent cheque

    Hey Keith; I don't know if you're in Alberta but if you are, Rebecca wrote this AWESOME post this past November. http://myreinspace.com/rein_members_only/Members-Only_Discussion/81-1794-How_to_Evict_a_Tenant.html
  8. PaulPoulsen

    Is buying a converted condo safe?

    QUOTE (nepoez @ Apr 16 2008, 08:03 PM) I`m looking into investing in a newly converted condo. The realtor said that the risk is that there are no track record as a normal strata condo would. This means the maintenance fees may change, and there could even be levies. Is this too risky? What are...
  9. PaulPoulsen

    Need expert advise

    QUOTE (JOHNHANDANI @ Apr 14 2008, 01:17 PM) My name is john, and this is my first time posting anything on the forum. I am an owner of couple of rental properties, and a house that my family and i live in. recently a couple of friends asked me to consider selling all 3 of my properties in...
  10. PaulPoulsen

    Property Management Tenants Love

    I think that if the property is nice and the rent is reasonable, the defining factor as to whether someone wants to move in is what they think of the people they`re renting from. We position ourselves as Edmonton`s Best Landlord (www.EdmontonsBestLandlord.com) and do everything we can to let...
  11. PaulPoulsen

    Advertising in Red Deer for rentals

    QUOTE (CoryThistle @ Mar 18 2008, 03:25 PM) I have a place to rent in Red Deer, and wondering if there are any suggestions on the best web site to post rentals. I already posted in the Advocate, but so expensive looking for other options. I`m a recent convert to www.rentboard.ca. It works so...
  12. PaulPoulsen

    Looking for some advice

    QUOTE (tbarcier @ Feb 16 2008, 12:44 PM) Now correct me if I`m wrong. Rental offset is how much of the rental income the bank will use in determining you overall income. My bank for example will only use 50% of rent, others I am told will go as high as 80%. I don`t have enough money lying around...
  13. PaulPoulsen

    Looking for some advice

    QUOTE (EdRenkema @ Feb 16 2008, 10:28 AM) Hi Paul, What do you mean by rental offsets? My personal strategy is to use 20% down to avoid CMHC ins fees and use conventional financing. Using a larger dn pmt will not necessarily make the property cashflow since I`m using a HELOC for the funds and...
  14. PaulPoulsen

    Looking for some advice

    Hopefully Rob will correct me if I`m way off base but I think it`s very important to have a long-term plan in mind when you`re looking for financing. If you`re looking to buy one or two properties, the low down payment option may work very well for you. But, if in the back of your head you...
  15. PaulPoulsen

    desperately need advice

    QUOTE (Blue @ Feb 15 2008, 07:44 PM) Long story short. We made our first purchase of a Revenue property. We are in a small market that is very hot right now. Problem is this causes bidding wars, which obviously is not good when purchasing revenue property. When all is said and done, it seems the...
  16. PaulPoulsen

    Novice, needing a helping hand

    QUOTE (tommy @ Feb 10 2008, 02:11 PM) 2. Should I start a company for my real estate investments? If so, should it be incorporated? I am interested in the liability, but moreso the taxation aspects. If you`re looking for a real estate investment with favourable tax implecations, forego the...
  17. PaulPoulsen

    Basic property management question - stove not working

    If it`s not a quick fix like Jeff mentions in his above post, I`d be tempted to buy a new stove. My experience with used stuff is that it`s often not much better than what you`re replacing and by the time you`ve run around and looked at a couple, you`ve spent all your savings in wasted time and...
  18. PaulPoulsen

    Question about getting out rent and into my first home/investing

    Personally, I`m a big believer in owning your own home for a couple of reasons. 1) If you`ve never owned real estate, buying your own home is a great way to learn the ropes. Buying a primary residence is about the easiest real estate transaction you`ll ever make. 2) I know Robert Kiyosaki is...
  19. PaulPoulsen

    First Time I`ve Seen This Scam...

    We`ve got a house for rent in the southwest part of Edmonton. Since we`ve been advertising, we`ve received more than our fair share of bogus emails. All of these emails usually are targeted at us landlords but tonight I ran into something different that I thought I should share with all of you...
  20. PaulPoulsen

    pre construction purchase

    Hi Ronda; I agree with David. While`s it`s possible that you`ll be able to turn a quick buck by buying pre-construction and selling before you take possession, it`s a bit of a risky game to play. What happens if the market doesn`t rebound as quickly as you`d anticipated? Will you simply sell it...
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